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By John Helmer in Moscow Russian diamond cutters face shutdown of operations or domestic supplies if VAT tax waiver is abolished on January 1. Alrosa, Russia’s dominant supplier of rough, has sent a notice to domestic diamond cutters, warning that from January 1, it will add 18% value-added tax (VAT) to its rough diamond pricing. […]

by John Helmer - Tuesday, November 13th, 2007
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